Light & Wonder Inc (LNW)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,311,000 | 1,720,000 | 1,735,000 | 1,762,000 | 1,694,000 | 2,048,000 | 1,748,000 | 1,756,000 | 1,732,000 | 1,921,000 | 2,017,000 | 2,108,000 | 2,181,000 | 2,271,000 | 1,932,000 | 1,496,000 | 1,615,000 | 1,651,000 | 1,585,000 | 2,446,000 |
| Total current liabilities | US$ in thousands | 696,000 | 619,000 | 577,000 | 642,000 | 622,000 | 802,000 | 1,254,000 | 927,000 | 974,000 | 844,000 | 780,000 | 868,000 | 832,000 | 847,000 | 1,085,000 | 735,000 | 766,000 | 1,045,000 | 733,000 | 1,786,000 |
| Current ratio | 1.88 | 2.78 | 3.01 | 2.74 | 2.72 | 2.55 | 1.39 | 1.89 | 1.78 | 2.28 | 2.59 | 2.43 | 2.62 | 2.68 | 1.78 | 2.04 | 2.11 | 1.58 | 2.16 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,311,000K ÷ $696,000K
= 1.88
The current ratio of Light & Wonder Inc has demonstrated some fluctuations over the past eight quarters. The ratio ranged from a low of 1.39 in Q2 2022 to a high of 3.01 in Q2 2023. This indicates that the company's ability to cover its short-term liabilities with its current assets varied significantly during this period.
It is worth noting that the current ratio was below 2 for two quarters (Q2 2022 and Q4 2023), signaling a relatively lower level of current assets relative to current liabilities during those periods. However, the ratio improved notably in subsequent quarters, surpassing 2 and even reaching above 3 in Q2 2023, indicating a stronger ability to meet short-term obligations with current assets.
Overall, while the current ratio of Light & Wonder Inc has shown some variability, the trend has demonstrated an improvement in recent quarters, suggesting a more favorable liquidity position and enhanced ability to address short-term financial obligations. It will be important to continue monitoring this ratio to assess the company's ongoing liquidity health.
Peer comparison
Dec 31, 2023